Sunworks, Inc. SUNW Cash Flow

Sunworks, inc. (SUNW)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss
-6,748	-3,390	-1,184	-77	-4,535	-1,849	-376	-1,787	-1,728	-3,425	-1,959	1,067	-2,905	-3,660	-6,086	744	-378	1,179	1,403	-123	-1,403	-7,294	-13,763	222	-4,037	-1,606	-1,498	-611	-98	-911	-294	-385	-450
Adjustments to reconcile net (loss) to net cash used in operating activities
Depreciation and amortization
81	84	87	90	92	95	96	98	95	102	102	103	103	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of right-of-use asset
131	190	153	122	183	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common shares in conversion of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
(Gain)/loss on investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Stock-based compensation
98	101	99	110	124	130	151	800	232	326	299	317	217	277	3,902	1,834	28	29	32	35	40	-553	379	241	357	25	65	147	147	187	127	124	124
Goodwill impairment
4,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	99	70	46	25	10	11	5	4	3	1	1	0	0	0	0	0	0	0	0
Expenditures for intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	4	0	18	0	0	0	0
(Gain) on sale of equipment
-	-	-	-	-	-	-	0	1	19	-2	1	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Stock issued for services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3	0	57	185	29	47	0	0	-	-	-	-	-	0	0	0
Amortization of beneficial conversion feature
-	-	-	-	-	-	-	-	-	150	220	219	218	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt issuance costs
143	62	62	22	13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) Loss on change in derivative liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	0	-1	69	-6,237	-12,992	297	-1,838	-1,159	-1,098	-142	331	-426	2	0	0
Gain on sale of asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Impairment loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Amortization of debt discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	240	318	243	209	416	1,238	738	777	1,260	227	182	155	106	56	-59	21	78
Loss on settlement of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35	20	5	0	3	0	-33	0
Common stock issued for commitment fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	-	-	-	0	-	-	-	-	-	-	-	-
Bad debt expense
122	44	28	16	23	55	-54	79	11	83	81	102	15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventory allowance
-	-	-	-	-	-	-	-	-	-25	100	125	-150	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in Assets and Liabilities:
Accounts receivable
-731	422	-273	1,123	-1,756	-1,136	1,623	627	-4,152	779	-5,959	5,235	1,891	-5,534	-768	4,139	4,909	-2,524	1,756	2,443	-447	941	271	-372	617	0	0	0	0	-	-	-	-
Inventory
-963	964	-71	-948	-208	-700	-355	-2,290	2,128	527	300	-157	436	169	853	-311	1,414	311	385	-20	14	-67	77	13	0	-	-	-	-	-	-	-	-
Deposits and other current assets
-422	668	-461	-65	-268	-18	-46	83	1,912	-694	-769	-370	-146	397	-107	62	-265	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contract assets
290	-883	2,393	326	-3,125	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contract assets
-	-	-	-	-	-	-	-	510	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contract Assets
-	-	-	-	-	-	-	-	-	-	-	-	-572	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-58	-166	-425	573	-14	394	-39	-69	0	2	0	0	-	-	-	-
Prepaid expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2	-0	-1	-4	-3	-6	-6
Cost in excess of billings
-	-	-	-	-	-	-	-	-	-	-	-	-	-3,801	-5,333	7,763	3,548	-612	643	-235	232	-275	-905	2,317	0	-	-	-	-	-	-	-	-
Other asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	-	-	-	-	-	-	-	-
Increase (Decrease) in:
Other asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-11	11	14	23	-	-	-	-	-	-	-	-	0	-2	0	0
Accounts payable and accrued liabilities
-987	-1,226	767	2,931	-3,048	271	1,171	795	-3,400	1,114	-176	3,001	-3,827	-3,373	-2,751	8,832	5,283	-	-	-	-	-	-	-	-20	-	-	-	-	-	-	-	-
Contract liabilities
-1,181	1,938	-785	-1,671	65	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contract liabilities
-	-	-	-	-	-	-	-	-3,305	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer deposits
-149	-27	128	52	542	-59	18	-2,702	-104	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contract Liabilities
-	-	-	-	-	-	-	-	-	-	-	-	1,224	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	800	1,009	-436	-	-	-	-	20	-45	8	22	43	35	51	62
Accrued expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18	17	9	8	-3	16	17	16
Billings in excess of cost
-	-	-	-	-	-	-	-	-	-	-	-	-	1,198	-1,442	3,311	-59	-656	-32	255	236	-48	-369	1,083	0	-	-	-	-	-	-	-	-
Customer deposits
-	-	-	-	-	-	-	-	-	-	159	257	213	0	3	-3	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Warranty and other liability
30	30	30	30	30	-15	30	29	31	30	30	55	15	-	-	-	-119	362	19	-1,133	1,139	83	250	-786	591	0	0	0	0	-	-	-	-
Operating lease liability
131	190	153	122	183	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET CASH USED IN OPERATING ACTIVITIES
-3,609	-2,219	-3,278	914	-1,873	204	-886	-327	-4,743	149	2,604	372	-6,778	4,539	-948	3,332	-5,095	3,047	-45	-1,493	-256	-827	76	898	-556	-190	-203	-153	-142	-199	-170	-130	-162
CASH FLOWS FROM INVESTING ACTIVITIES:
Net cash paid for acquisitions,
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,893	0	437	484	-490	490	0	571	0	0	0	0	-	-	-	-
Purchase of property and equipment
27	-	-	-	-	0	2	0	7	24	0	3	41	23	54	28	562	163	18	21	22	47	17	12	3	2	1	0	0	-3	0	3	0
Proceeds from sale of property and equipment
-	-	-	-	-	0	0	0	6	100	0	18	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in companies
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
NET CASH USED IN INVESTING ACTIVITIES
-27	-	-	-	-	0	-2	0	-1	76	0	15	-41	-23	-54	-28	-562	-2,056	-18	-458	-506	443	-507	-12	-575	-2	-5	0	-18	3	0	-3	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Loans payable repayments
31	191	189	346	59	210	209	207	57	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition promissory note
252	-	-	-	151	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Promissory note payable repayment
1,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans and notes payable repayments
-	-	-	-	-	-	-	-	-	-206	-207	-205	-54	-108	0	-1,864	-160	-	-4	-5	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash received from subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Payment of bank overdraft
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-13	7	-6
Proceeds from notes payable related parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15	21	78
Proceeds from convertible promissory notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,465	105	269	162	115	316	42	0	0
Repayment of notes payable related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Capital contribution
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Proceeds from subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12	0
Proceeds from sale of common stock, net
7,736	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-200	200	0	0	1	11,578	0	0	0	0	0	0	20	22	19	148	93	90
NET CASH PROVIDED BY (USED) IN FINANCING ACTIVITIES
5,953	3,239	2,289	591	-210	-210	-209	3,475	-57	-206	-207	-205	-54	-108	0	-2,064	40	1,790	-4	47	11,578	-490	490	0	1,465	105	269	182	137	221	179	133	162
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH
2,317	997	-989	1,539	-2,083	-6	-1,097	3,148	-4,801	19	2,397	182	-6,873	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET (DECREASE) IN CASH AND CASH EQUIVALENTS
-	-	-	-	-	-	-	-	-	-	-	-	-	4,408	-1,002	1,240	-5,617	2,781	-67	-1,904	10,816	-874	59	885	333	-88	60	28	-24	24	8	0	0
CASH PAID FOR:
Interest
83	46	123	182	126	128	126	100	20	45	0	43	9	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-32	87	-	-	-	-	-	31	0	0	0	0	0	0	0	0	0	0
Taxes
-	-	-	-	-	-	-	-	-	-	0	0	110	168	0	22	88	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
SUPPLEMENTAL DISCLOSURES OF NON-CASH TRANSACTIONS
Issuance of common stock upon conversion of debt
-	-	-	-	-	-	-	-	-	235	0	0	270	0	0	244	750	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating right-of-use asset and operating lease liability upon adoption of ASU 2016-02, Leases (Topic 842)
-	0	0	0	2,153	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock upon conversion of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-2,333	2,650	0	0	0	1,750	0	0	0	0	-	-	-	-
Issuance of common stock upon conversion of debt at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	317	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock upon a cashless exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	0	0	0	0	0	0	0	0	0	0	0